https://www.taxtmi.com/caselaws?id=185971 The Tribunal upheld the validity of the assessment reopening under sections 147/148 of the IT Act, stating that the AO had sufficient prima facie material to believe income had escaped assessment based on the subsequent year's assessment. The Tribunal remanded the matter to the CIT(A) for considering the merits of the additions, emphasizing substantive justice over technicalities. The CIT(A) was directed to provide the assessee a fair opportunity to be heard. The appeal was partly allowed, with the initiation of proceedings upheld and the other ground relating to the assessee's status dismissed. en-us Wed, 12 Jan 2011 00:00:00 +0530 Sat, 03 Sep 2016 17:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185971 The Tribunal upheld the validity of the assessment reopening under sections 147/148 of the IT Act, stating that the AO had sufficient prima facie material to believe income had escaped assessment based on the subsequent year's assessment. The Tribunal remanded the matter to the CIT(A) for considering the merits of the additions, emphasizing substantive justice over technicalities. The CIT(A) was directed to provide the assessee a fair opportunity to be heard. The appeal was partly allowed, with the initiation of proceedings upheld and the other ground relating to the assessee's status dismissed. Case-Laws Income Tax Wed, 12 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185971